Wednesday, September 14, 2016

Bayer is buying Monsanto in $66 billion deal

Now it's official: Monsanto is going to be swallowed up by a rival in the biggest takeover announced so far this year.

To clinch a deal, Germany's Bayer pumped even more money into its bid for the U.S. seed giant, valuing it at $66 billion, including debt.

It's the third time Bayer (BAYRY) has cranked up its offer, and this time it was enough to win the backing of Monsanto's board. The takeover would create a vast conglomerate spanning pharmaceuticals, health products and pesticides.

http://money.cnn.com/2016/09/14/investing/monsanto-bayer-takeover-biggest-deal/index.html

No comments:

Post a Comment